Indian insurance industry grew at an impressive pace in 2017. While life insurance premiums grew by 8% in 2017 (compared with those in 2016), non-life premiums grew by 16.7% in the same period (as per Swiss Re Sigma 2018 Report). The Report also mentions India’s insurance penetration to have increased to 3.7%; and insurance density by about 22% to US$73.
Robust growth rates...
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